Metro (TSE:MRU) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Metro Inc. (TSE:MRU)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$85.84 and traded as high as C$91.21. Metro shares last traded at C$90.89, with a volume of 257,297 shares changing hands.

Analyst Upgrades and Downgrades

MRU has been the subject of a number of research analyst reports. CIBC increased their target price on Metro from C$86.00 to C$91.00 in a report on Thursday, November 21st. National Bankshares upped their target price on Metro from C$89.00 to C$94.00 and gave the company a “sector perform” rating in a report on Monday, January 13th. UBS Group set a C$98.00 price target on shares of Metro and gave the stock a “neutral” rating in a report on Friday, December 13th. Royal Bank of Canada lowered Metro from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Desjardins raised their price objective on shares of Metro from C$85.00 to C$95.00 in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$89.33.

Metro Stock Up 0.8 %

The stock has a market cap of C$20.23 billion, a P/E ratio of 22.22, a PEG ratio of 4.06 and a beta of 0.08. The company has a quick ratio of 0.41, a current ratio of 1.10 and a debt-to-equity ratio of 64.18. The business has a 50-day simple moving average of C$90.61 and a 200-day simple moving average of C$85.84.

Metro Company Profile

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.